Had a client call and ask if there were any business expenses for college education.
Is anyone aware of anything for a s-corp to write off?
Is anyone aware of anything for a s-corp to write off?
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If employee
can exclude up to $5250 from gross income and still deduct in certain cases for educational assistance. IRC 127
Not more than 5%of amounts paid by employer may be provided to the more than 5% qwners (including spouse and children)
A working condition fringe benefit is excludable from employees income if the expense would be deductable by employee if paid by employee IRC 132 (d)
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